Liberty Prep

Analysis

Liberty Prep is a registered charity in United States, based in Smithville, OH. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Liberty Prep reported income of $853k and spending of $747k, spending 88% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $661k to $853k (+29%), an average of +5.2% a year. The sharpest change came in the year to June 2024, when income rose by 17%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Liberty Prep sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include PTA New York Congress ($853k), Soboba Band of Luiseno Indians ($853k) and Prim N Proper Inc ($852k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 27% and program service revenue 72% of the total. At year end it held assets of $474k against liabilities of $0, net assets of $474k.